Utah Code § 59-7-401
Determining threshold level of business activity for corporations organized or incorporated outside of the United States
Utah · Utah Code Title 59 — Revenue and Taxation · Status: effective
Cite this
- Citation
- Utah Code § 59-7-401, Determining threshold level of business activity for corporations organized or incorporated outside of the United States, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2344802
- Permanent ID
ys:prov:2344802@1- SHA-256
2cb06f7aa0e562ff25c80267cb3e2ddb1eca99643488b61f5b6a68eecd43c700
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) Except as provided in Subsection (2), in determining whether a corporation is a foreign operating company or has met the threshold level of business activity, business activity within and without the United States shall be measured by means of the factors ordinarily applicable under Sections 59-7-312 through 59-7-319.
(2)
(a) Any taxpayer who would ordinarily be required to apportion business income in accordance with Part 3, Allocation and Apportionment of Income - Utah UDITPA Provisions, shall use a two-factor formula of property and payroll.
(b) The results of the property and payroll factor computation shall be divided by two, or by one if either the property or payroll factor has a denominator of zero.